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The group recently acquired robotics developer Savioke, as part of its strategy to develop its service robots
May 6, 2022
Relay Robotics, a new venture formed by Relay’s acquisition of robotics developer Savioke, has raised $10 million in a series A financing round, which will be used to accelerate development and deployment of its delivery robots.
The latest financing was led by MK Capital.
The group’s product pipeline of delivery robots are currently used in hospitality, healthcare and real estate; deployed at major U.S. hotel chains, including the Marriott, Hilton and Holiday Inn, as well as hospitals and commercial real estate properties.
The group has also appointed a new chairman and CEO, Michael O’Donnell. Savioke co-founder Steve Cousins will also become the new CTO for Relay, and will be leading the new product strategy.
“I’m excited to join Steve and the incredibly talented team at Relay Robotics to address this huge market opportunity for autonomous robots that help businesses serve their customers, patients, and employees,” said O’Donnell in a statement. “The market is quickly embracing these AI & autonomous technologies to address the worldwide labor shortage and meet their clients’ needs.”
“There is a multibillion-dollar market for service robots and Relay Robotics has the team, technology and real-world experience in applying service robots to solve business problems,” said Mark Koulogeorge, managing partner at MK Capital. “Michael will lead Relay on an aggressive growth path as we partner with customers to develop more innovative uses of service robots to enhance the customer experience and improve operating efficiency.”
Relay’s robotic offerings are fully autonomous and self-driving, allowing for a contactless delivery service. To date, the group’s robots have completed more than one million deliveries worldwide.
Assistant Editor, IoT World Today
Scarlett Evans is the assistant editor for IoT World Today, with a particular focus on robotics and smart city technologies. Scarlett has previous experience in minerals and resources with Mine Australia, Mine Technology and Power Technology. She joined Informa in April 2022.
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